{"id":1004128148,"date":"2015-09-24T12:31:45","date_gmt":"2015-09-24T20:31:45","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=361162"},"modified":"2020-04-27T23:16:54","modified_gmt":"2020-04-28T07:16:54","slug":"liberty-property-plans-distribution-center-for-cheverly-site","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/liberty-property-plans-distribution-center-for-cheverly-site\/","title":{"rendered":"Liberty Property Plans Distribution Center for Cheverly Site"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\">A piece of land in the Cheverly section of Prince George\u2019s County is about to see its destiny changed. The 18.3-acre property recently changed owners and is now on its way to becoming the new home of a large, Class A warehouse and distribution center.<\/p>\n<p style=\"text-align: justify;\">Liberty Property LP, a subsidiary of <a href=\"https:\/\/www.libertyproperty.com\/\" target=\"_blank\" rel=\"nofollow\">Liberty Property Trust<\/a>, purchased the land at 5800 Sheriff Road for $4.75 million from American Resource Management Group LP. The company was represented by Christopher Kubler of <a href=\"https:\/\/www.klnb.com\" target=\"_blank\" rel=\"nofollow\">NAI KLNB<\/a> in the transaction, while Uhar &amp; Co. represented the seller. Liberty Property LP plans to build a 225,000-square-foot warehouse-and-distribution building on the site, and has already started pursuing permits. The new owner did not reveal how much it intends to invest in the project or a timeline for construction. Its new building will be located just minutes from the Washington, D.C., line and within close proximity to several major highway systems, including MD Route 50, MD Route 295 and Interstate 495.<\/p>\n<p style=\"text-align: justify;\">\u201cThis new project will add to Prince George\u2019s County\u2019s rapidly growing identity as the preferred site of large-scale warehouse and distribution facilities to support the burgeoning e-commerce industry, as well as companies that require product to service logistics requirements both locally and nationally,\u201d Christopher Kubler, principal in the investment sales group for NAI KLNB, explained in a statement. \u201cThe county has been the location of choice for many similar uses, based on its central location in the Baltimore-Washington corridor, highway access and overall functionality.\u201d<\/p>\n<p><iframe loading=\"lazy\" style=\"border: 0;\" src=\"https:\/\/www.google.com\/maps\/embed?pb=!1m18!1m12!1m3!1d3104.658072250674!2d-76.90482519999999!3d38.9089338!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x89b7bf59c6957c27%3A0xf8df4be08f04d3a!2s5800+Sheriff+Rd%2C+Capitol+Heights%2C+MD+20743%2C+Statele+Unite+ale+Americii!5e0!3m2!1sro!2sro!4v1442497546110\" frameborder=\"0\" width=\"400\" height=\"300\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An out-of-state investor has purchased a site in Price George&#8217;s County with big plans for the future.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1615],"tags":[682],"class_list":["post-1004128148","post","type-post","status-publish","format-standard","hentry","category-latest","category-washington-dc","tag-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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